The National Development Bank (NDB) has posted a net profit of P13.1 million for the 2024/25 financial year, marking its second consecutive year of profitability as the state-owned lender positions itself for expansion under a new five-year strategy.
At the launch of its 2025-2030 roadmap, branded Motlhala Wa Pula, Modi wa Isago (Path of Rain, Path of Hope), chief executive Ogone Madisa said the bank aims to evolve into a hybrid institution combining its developmental mandate with stronger commercial banking capabilities.
The strategy prioritises agriculture value chains, green finance, infrastructure and other high-impact sectors aligned with Botswana’s economic diversification agenda. Management plans to accelerate digitalisation, mobilise alternative funding sources, strengthen governance and embed environmental, social and governance standards across its operations.
NDB also intends to introduce differentiated financial products targeting start-ups, small and medium enterprises, corporates and emerging farmers, while expanding partnerships to scale lending capacity.
The bank’s return to profit comes against the backdrop of heightened scrutiny of state-owned enterprises, many of which have struggled with persistent losses. President Duma Boko has pledged to improve the performance of parastatals following concerns over mismanagement and inefficiencies.
Although modest, NDB’s profit signals improved operational stability after years of restructuring. The challenge will be sustaining financial performance while extending credit into sectors often perceived as high risk.
If executed effectively, the strategy could strengthen NDB’s role as a financing vehicle for agriculture, climate-aligned investments and enterprise development, key pillars of Botswana’s long-term growth ambitions.